honobob
Thinks s/he gets paid by the post
- Joined
- May 8, 2006
- Messages
- 1,036
PITI
Won't let me edit to fix math.
laurencewill, how long is eventually? I can document the 9% growth over 30 years and suspect it goes back at least to the late 40's. Median income in 1978, $18,000 would be a guess and at 4% increases you'd be about $60K today. So riding my WayBack machine to 1978...."Well Sherman, do you really think this crappy $35,000 one bedroom condo will be worth over $400,000 in thirty years? At 50% of gross people would need to make $135,000 in 2008! Yeah and that disco movie guy John Travolta will be an Acadamy Award nominated actor piloting commercial jets across the country. Ha Ha Haaa Haaa Oh, and Hilton will be selling timeshares on Waikiki Beach!"
I'm not the first person in the forum to point out that Hawaii is not dependent on local wages. Name a person of wealth and there's a good chance they've got a place here, Oprah, George Harrison, Carol Burnett, The Donald, Etc. Who do you think are pricing out the "locals"?
Won't let me edit to fix math.